Global Digital Insurance Platform Market: Emerging Trends, Major Key Players TCS

According to the report, the global digital insurance platform market to grow from USD 78.47 billion in 2017 to USD 164.13 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 13.7% from 2020 to 2027. The main factor driving the digital insurance platform market is increasing demand for mobility solutions. The increasing number of cellular devices among the general public has led to a rise in the demand for transactional and real-time data delivery, a key feature of these platforms. In addition, insurers have been quick to adopt the cloud concept, which makes it more affordable and faster to provide new mobile-centric services that tend to be popular with upwardly mobile customers.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global DIGITAL INSURANCE PLATFORM industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Digital Insurance Platform market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Digital Insurance Platform players holding highest market share include TCS, IBM and DXC. These players use expansion as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:

• TCS
• IBM
• DXC
• SAP
• Oracle
• Microsoft
• Infosys
• Pegasystems
• Appian

Segmental Analysis

Market Segment By Component with focus on market share, consumption trend, and growth rate of DIGITAL INSURANCE PLATFORM Market:
o Tools
o Services

Market Segment By Deployment Type with focus on market share, consumption trend, and growth rate of DIGITAL INSURANCE PLATFORM Market:
o On-premises
o Cloud

Market Segment By Application with a focus on market share, consumption trend, and growth rate of DIGITAL INSURANCE PLATFORM Market:
o Automotive and transportation
o Home and commercial buildings
o Life and health
o Business and enterprise
o Consumer electronics and industrial machines
o Travel

Market Segment By End-User with a focus on market share, consumption trend, and growth rate of DIGITAL INSURANCE PLATFORM Market:
o Insurance companies
o Third-party administrators and brokers
o Aggregators

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Global Digital Insurance Platform Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.

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